Write

Domus Financial Services

Trym Lodge

1 Henbury Road

Westbury-on-Trym

Bristol

BS9 3HQ

Call

T: 0117 959 6476

F: 0117 941 1400

© 2019 Domus Financial Services

To view our privacy policy click here

Domus Financial Services is an appointed representative of Quilter Mortgage Planning Limited and of Quilter Financial Services Limited which are authorised and regulated by the Financial Conduct Authority. Quilter Financial Services Limited are entered on the FCA Register (http://www.fca.org.uk/register) under reference 440703 and 440718.

 

The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

 

The Financial Conduct Authority does not regulate Buy to Let Mortgages, Auto-enrolment, Inheritance Tax Planning, Employee Benefits, Lasting Powers of Attorney & Trusts.

Registered Office: Trym Lodge, 1 Henbury Road, Westbury-on-Trym, Bristol, BS9 3HQ.  

 Keywords: Mortgage Broker Bristol, Mortgage Advisor Bristol, Mortgage Adviser Bristol, Financial Advisor Bristol, Financial Advisors Bristol, Mortgage Brokers Bristol, Mortgage Broker Exeter, Mortgage Advisor Exeter, Mortgage Advisors Exeter, Mortgage Brokers Exeter, Mortgage Adviser Exeter, Inheritance Tax Planning Bristol, Inheritance Tax Planning Exeter, Retirement Planning Bristol

Market Briefing       |      13 August 2018

Your weekly brief on current markets 

Market Data

FTSE 100             7,650.04     -0.22%

Dow Jones          25,270.32   -0.17%

S&P 500              2,831.58     -0.06%

Gold                    1,203.50      -1.27%

Brent Crude       72.26           -0.76%

GBP/EUR            1.1187         -0.02%

GBP/USD            1.2761         +0.02%

Source: All above data sourced from Bloomberg 13 August 2018.

Musk arouses strong reactions

Tesla, the US electric car maker, is a true ‘marmite’ stock – investors either love it or hate it. The ‘haters’ have made Tesla the biggest ‘short’ in the US at close to 30% of its free float value (c$15bn).

 

But when a contrite Elon Musk announced continued losses but success in producing 5,000 Model 3s a week, the share price jumped by 17%, sending the short sellers scurrying.

 

Within days the real-life Tony Stark unveiled Tesla’s multi-billion dollar China ambitions before basking in the news that the Saudi sovereign wealth fund had invested $2bn in Tesla. When he tweeted on Tuesday of his plans to take Tesla private again, the shares jumped another 11% on the day.

Important information

Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back any of the amount originally invested. Because of this, an investor is not certain to makea profit on an investment and may lose money. The performance data do not take account of the commissions and costs incurred on the issue and redemption of shares.

 

Exchange rate changes may cause the value of overseas investments to rise or fall.

 

This information was issued by Quilter Investors Limited (“Quilter Investors”), Millennium Bridge House, 2 Lambeth Hill, London, United Kingdom, EC4V 4AJ. Quilter Investors is authorised and regulated by the Financial Conduct Authority.

 

This communication is for information purposes only. Nothing in thiscommunication constitutes financial,professional or investment advice or

a personal recommendation. This communication should not be construedas a solicitation or an offer to buy or sell any securities or related financial instruments in any jurisdiction. No representation or warranty, either expressed or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the document.

 

Any opinions expressed in this document are subject to change without notice and may differ or be contrary to opinions expressed by other business areas or companies within the same group as Quilter Investors as a result of using different assumptions and criteria. Quilter Investors is not licensed or regulated by the Monetary Authority of Singapore (“MAS”) in Singapore. This document has not been reviewed by MAS.